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Current Attempt in Progress Angie March owns a catering company that stages banquets and parties for both individuals and companies. The business is seasonal, with heavy demand during the summer months and year-end holidays and light demand at other times. Angie has gathered the following cost information from the past year: Labor Overhead Month Hours Costs January 3,200 $59,040 February 2,500 56,390 March 2,600 57,390 April 3,700 60,790 May 4.000 63,640 June 5,200 67,040 July 7,500 74,890 August 7,200 72,040 September 6,100 67,590 October 4,200 64,540 November 2.800 59,240 December 6,200 68,540 Total 55,200 $771,130 (a) Identify the high and low points. Activity Level High point Low point Using the high-low method, compute the overhead cost per labor hour and the fixed overhead cost per month. (Round variable cost to 2 decimal places, e.g. 15.25 and fixed cost to O decimal places, e.g. 5,275.) Variable cost = $ per labor hour Fixed cost = $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b) Angie has booked 4,200 labor hours for the coming month. How much overhead should she expect to incur? Total cost = $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (c) If Angie books one more catering job for the month, requiring 350 labor hours, how much additional overhead should she expect to incur? Additional overhead = $